MEGOLA INC (BKTH)
Breakthrough Chemistry, Inc. is an innovator in the chemical sector, engineering novel compounds and formulations that challenge established industry standards. Leveraging its advanced chemistry platform, the company provides critical solutions across a diverse range of areas. These include enhancing food security and minimizing spoilage, promoting natural resource conservation, improving personal hygiene, crafting protective surface coatings, eliminating unwanted odors, and facilitating chemical neutralization. Based in Bonita Springs, Florida, the organization underwent a rebranding in July 2025, transitioning from its former identity as Megola, Inc. to its current name, Breakthrough Chemistry, Inc.
Sector: Miscellaneous Chemical Products
Industry: Industrial - Pollution & Treatment Controls
Breakthrough Chemistry, Inc.
OTC:BKTHIndustrials · Industrial - Pollution & Treatment Controls
-5.26%$0.0900
Mkt Cap$642K
Float7.4M
O/S7.13M
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15K
Net Income$1.44M
Total Assets$2.33M
Free Cash Flow-$13K
Debt & Equity
Debt 8%
Equity 77%
Preferred 15%
Total Debt$195K
Total Equity$1.92M
Preferred Stock$385K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BKTH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.33M
Liabilities$413K
Accounts Receivable$0
Accounts Payable$48K
Inventory$49K
PP&E (Net)$0
Goodwill$0
Intangible Assets$333K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2014-07-31 | 2013-07-31 | 2012-07-31 | 2011-07-31 | 2010-07-31 | 2009-07-31 | 2008-07-31 | 2007-07-31 | 2006-07-31 | 2005-07-31 | 2004-07-31 | 2003-07-31 | 2002-02-28 |
| Revenue | $15K | $34K | $19K | $14K | $17K | $96K | $0 | $0 | $0 | $0 | $0 | $360K | $337K | $117K | $36K | $277K | $744K | $713K | $222K | $157K | $71K |
| YoY Growth | -55.3% | 78.5% | 36.9% | -17.3% | -82.5% | - | - | - | - | - | - | 6.9% | 188.0% | 221.3% | -86.9% | -62.7% | 4.3% | 220.8% | 41.2% | 122.2% | - |
| Cost of Revenue | $40K | $58K | $63K | $29K | $9K | $67K | $0 | $0 | $0 | $0 | $0 | $7K | $105K | $28K | $35K | $349K | $167K | $482K | $127K | $77K | $78K |
| Gross Profit | -$25K | -$24K | -$44K | -$15K | $7K | $29K | $0 | $0 | $0 | $0 | $0 | $353K | $232K | $89K | $1K | -$72K | $577K | $231K | $95K | $80K | -$7K |
| Gross Margin | -167.6% | -71.5% | -231.6% | -107.6% | 43.9% | 29.9% | - | - | - | - | - | 98.1% | 68.9% | 76.3% | 3.1% | -25.9% | 77.6% | 32.4% | 42.8% | 51.0% | -10.5% |
| Research and Development | $4K | $1K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $116K | $60K | $136K | $120K | $77K | $60K | $25K | $30K | $30K | $430K | $64K | $597K | $878K | $724K | $519K | $813K | $1.42M | $906K | $1.64M | $177K | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $13K | $0 | $0 | $0 | $0 | $0 | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $120K | $61K | $142K | $120K | $77K | $73K | $25K | $30K | $30K | $430K | $64K | $674K | $878K | $724K | $519K | $813K | $1.42M | $906K | $1.64M | $177K | $0 |
| Operating Income (EBIT) | -$145K | -$85K | -$185K | -$135K | -$70K | -$45K | -$25K | -$30K | -$30K | -$430K | -$64K | -$321K | -$646K | -$634K | -$518K | -$885K | -$839K | -$675K | -$1.54M | -$96K | -$7K |
| Operating Margin | -963.9% | -253.2% | -980.7% | -979.1% | -415.8% | -46.6% | - | - | - | - | - | -89.1% | -191.9% | -542.2% | -1423.5% | -319.1% | -112.8% | -94.6% | -694.2% | -61.1% | -10.5% |
| Interest Expense | $353 | $21K | $35K | $52K | $82K | $206K | $0 | $0 | $0 | $0 | $3K | $8K | $5K | $24K | $19K | $27K | $21K | $294K | $245K | $1K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.59M | $39K | -$35K | -$52K | -$82K | $18.2M | $28.15M | -$46.54M | $0 | $0 | $173K | -$8K | -$1.31M | $376K | -$19K | $144K | -$21K | -$294K | -$693K | -$1K | $0 |
| Income Before Tax (EBT) | $1.44M | -$47K | -$221K | -$187K | -$151K | $18.15M | $28.12M | -$46.57M | -$30K | -$430K | $109K | -$329K | -$1.96M | -$258K | -$537K | -$741K | -$860K | -$968K | -$2.24M | -$98K | -$7K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $1.44M | -$47K | -$221K | -$187K | -$151K | $18.15M | $28.12M | -$46.57M | -$30K | -$430K | $109K | -$329K | -$1.96M | -$258K | -$537K | -$741K | -$860K | -$968K | -$2.24M | -$98K | -$7K |
| Net Income Margin | 9569.5% | -138.4% | -1166.5% | -1354.0% | -905.8% | 18996.1% | - | - | - | - | - | -91.3% | -580.9% | -220.7% | -1475.0% | -267.1% | -115.6% | -135.8% | -1006.0% | -62.0% | -10.5% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 0.15 | -0.00 | -0.02 | -0.02 | -0.02 | 2.70 | 4.30 | -7.12 | -0.01 | -0.21 | 0.09 | -58.50 | -405.00 | -225.00 | -750.00 | -1500.00 | -1500.00 | -2250.00 | -8250.00 | -750.00 | -0.75 |
| Diluted EPS | 0.00 | -0.00 | -0.02 | -0.02 | -0.02 | 2.39 | 0.07 | -7.12 | -0.01 | -0.21 | 0.09 | -58.50 | -405.00 | -225.00 | -750.00 | -1500.00 | -1500.00 | -2250.00 | -8250.00 | -750.00 | -0.75 |
| Weighted Average OS | 9.73M | 9.73M | 9.41M | 8.46M | 8.16M | 6.73M | 6.54M | 6.54M | 3.79M | 1.96M | 1.14M | 5,599 | 4,830 | 998 | 1,030 | 633 | 491 | 432 | 283 | 164 | 102 |
| EBITDA | -$107K | -$41K | -$141K | -$110K | -$70K | -$45K | -$25K | -$30K | -$30K | -$430K | -$64K | -$318K | -$641K | -$630K | -$515K | -$880K | -$818K | -$657K | -$1.53M | -$91K | -$7K |
| EBITDA Margin | -711.2% | -120.5% | -743.2% | -795.6% | -415.8% | -46.6% | - | - | - | - | - | -88.2% | -190.3% | -538.4% | -1416.1% | -317.2% | -110.0% | -92.1% | -689.8% | -57.9% | -10.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 | FY 2011 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2013-07-31 | 2012-07-31 | 2010-07-31 | 2009-07-31 | 2008-07-31 | 2007-07-31 | 2006-07-31 | 2005-07-31 | 2004-07-31 | 2003-07-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $8K | $652 | $957 | $850 | $16K | $0 | $1K | $1K | $0 | $0 | $0 | $33K | $5K | $17K | $441 | $3K |
| Short-Term Investments | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $143K | $0 | $0 |
| Cash and Short-Term Investments | $1.91M | $652 | $957 | $850 | $16K | $0 | $1K | $1K | $0 | $0 | $0 | $33K | $5K | $161K | $441 | $3K |
| Accounts Receivable | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $397K | $56K | $14K |
| Inventory | $49K | $41K | $122K | $144K | $35K | $63K | $0 | $0 | $209K | $241K | $51K | $58K | $352K | $82K | $57K | $43K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $9K | $199K |
| Total Current Assets | $2M | $78K | $127K | $146K | $52K | $63K | $1K | $1K | $231K | $283K | $52K | $100K | $357K | $652K | $122K | $260K |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $2.5M | $2.5M | $7K | $12K | $6K | $8K | $12K | $29K | $19K | $15K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $333K | $781K | $826K | $900K | $30K | $7K | $0 | $0 | $0 | $1.35M | $1.35M | $1.35M | $0 | $100K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $129K | $117K | $122K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $333K | $781K | $826K | $900K | $30K | $7K | $2.5M | $2.5M | $7K | $1.49M | $1.47M | $1.48M | $12K | $129K | $19K | $15K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.33M | $859K | $953K | $1.05M | $81K | $69K | $2.5M | $2.5M | $238K | $1.77M | $1.52M | $1.58M | $369K | $781K | $141K | $274K |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $48K | $44K | $57K | $33K | $0 | $14K | $67K | $67K | $64K | $46K | $58K | $44K | $291K | $344K | $29K | $2K |
| Short-Term Debt | $195K | $191K | $222K | $245K | $221K | $65K | $0 | $0 | $137K | $75K | $388K | $541K | $136K | $136K | $267K | $267K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $71K | $151K | $154K | $83K | $65K | $64K | $138K | $0 | $25K | $52K | $64K | $52K | $105K | $52K | $52K | $39K |
| Total Current Liabilities | $324K | $386K | $433K | $361K | $286K | $143K | $205K | $205K | $371K | $223K | $570K | $679K | $531K | $532K | $348K | $308K |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $586K | $0 | $0 | $0 | $1K | $8K |
| Long-Term Unearned Revenue | $89K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $89K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $586K | $0 | $0 | $0 | $1K | $8K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $413K | $386K | $433K | $361K | $286K | $143K | $205K | $205K | $391K | $223K | $1.16M | $679K | $531K | $532K | $349K | $315K |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $385K | $510K | $1M | $1M | $40K | $40K | $1K | $2K | $1K | $2K | $0 | $0 | $0 | $0 | $0 | $81K |
| Common Stock | $10K | $292K | $292K | $270K | $235K | $255K | $59K | $51K | $34K | $33K | $78K | $48K | $38K | $3.3M | $1.88M | $155K |
| Retained Earnings | $128K | -$1.32M | -$1.27M | -$1.05M | -$864K | -$697K | -$8.48M | -$8.05M | -$7.83M | -$5.87M | -$5.62M | -$5.08M | -$4.34M | -$3.48M | -$2.51M | -$274K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$309K | -$310K | -$119K | -$92K | $475 | -$3K | -$19K | -$72K | $38K | -$3K |
| Other Stockholders' Equity | $1.78M | $1.5M | $1.5M | $1.47M | $425K | $369K | $10.72M | $10.3M | $7.64M | $7.39M | $5.91M | $5.93M | $4.14M | $428K | $425K | $78K |
| Total Equity | $1.92M | $473K | $520K | $685K | -$204K | -$73K | $2.3M | $2.3M | -$152K | $1.55M | $368K | $901K | -$162K | $249K | -$208K | -$41K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.33M | $859K | $953K | $1.05M | $81K | $69K | $2.5M | $2.5M | $238K | $1.77M | $1.52M | $1.58M | $369K | $781K | $141K | $274K |
| Supplementary Data | ||||||||||||||||
| Total Debt | $195K | $191K | $222K | $245K | $221K | $65K | $0 | $0 | $157K | $75K | $973K | $541K | $136K | $136K | $269K | $274K |
| Net Debt | $187K | $191K | $221K | $244K | $205K | $65K | -$1K | -$1K | $157K | $75K | $973K | $508K | $131K | $118K | $268K | $271K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2011 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2012-07-31 | 2010-07-31 | 2009-07-31 | 2008-07-31 | 2007-07-31 | 2006-07-31 | 2005-07-31 | 2004-07-31 | 2003-07-31 | 2002-02-28 |
| Operating Activities | |||||||||||||||
| Net Income | $1.44M | -$47K | -$221K | -$187K | -$151K | $109K | -$1.96M | -$258K | -$537K | -$741K | -$860K | -$968K | -$2.24M | -$98K | -$7K |
| Depreciation & Amortization | $38K | $45K | $45K | $25K | $0 | $0 | $5K | $4K | $3K | $5K | $21K | $18K | $10K | $5K | $226 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $0 | $4K | -$4K | $0 | $0 | $848 | $0 | -$12K | $6K | -$122K | $248K | -$341K | -$42K | $0 | $0 |
| Inventory | -$8K | $9K | $15K | -$5K | $8K | $69K | $32K | -$190K | $7K | $46K | -$324K | -$10K | -$13K | -$4K | $0 |
| Accounts Payable | $12K | -$10K | $21K | $33K | -$14K | -$6K | $18K | $17K | $1K | -$57K | -$88K | $316K | $27K | -$1K | $0 |
| Other Working Capital | $90K | $0 | $1K | -$137 | -$949 | $1K | $93K | -$42K | $47K | -$192K | $262K | $3K | $15K | -$170K | $6K |
| Total Working Capital Change | $94K | $3K | $33K | $28K | -$7K | $65K | $143K | -$227K | $61K | -$326K | $98K | -$33K | -$14K | -$175K | $6K |
| Other Non-Cash Items | -$1.59M | -$60K | $44K | $43K | $82K | -$171K | $1.59M | $124K | $0 | $677K | $587K | $830K | $1.92M | $0 | $5K |
| Net Cash from Operating | -$13K | -$59K | -$99K | -$91K | -$77K | $3K | -$222K | -$357K | -$474K | -$384K | -$153K | -$153K | -$325K | -$267K | $4K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | -$237 | $0 | -$11K | $0 | -$1K | $0 | -$3K | -$20K | $0 | -$2K |
| Acquisitions | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$143K | -$51K | $0 | -$1K |
| Net Cash from Investing | $100K | $0 | $0 | $0 | $0 | -$237 | $0 | -$11K | $0 | -$1K | $0 | -$146K | -$71K | $0 | -$3K |
| Financing Activities | |||||||||||||||
| Debt Repaid | - | - | - | - | - | -$34K | -$20K | $134K | -$345K | - | - | - | -$345K | $3K | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $350K | $0 | $78K | $100K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$14K | $37K | $71K | $28K | $67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$80K | $58K | $99K | $76K | $92K | $32K | $248K | $276K | $435K | $443K | $88K | $456K | $346K | $256K | $100K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$33K | -$26K | $93K | $6K | -$30K | $52K | -$140K | $48K | -$87K | $0 |
| Net Change in Cash | $7K | -$305 | $107 | -$15K | $16K | $1K | $0 | $0 | -$33K | $28K | -$12K | $17K | -$3K | -$98K | $101K |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | -$13K | -$59K | -$99K | -$91K | -$77K | $3K | -$222K | -$357K | -$474K | -$384K | -$153K | -$153K | -$325K | -$267K | $4K |
| Capital Expenditure | $3 | $3 | $3 | $0 | $0 | -$240 | $0 | -$11K | $4 | -$1K | -$4 | -$3K | -$20K | $0 | -$2K |
| Free Cash Flow | -$13K | -$59K | -$99K | -$91K | -$77K | $3K | -$222K | -$368K | -$474K | -$385K | -$153K | -$155K | -$345K | -$267K | $2K |
| Cash at Beginning | $652 | $957 | $850 | $16K | $0 | $0 | $0 | $0 | $33K | $5K | $17K | $441 | $3K | $101K | $0 |
| Cash at End | $8K | $652 | $957 | $850 | $16K | $1K | $0 | $0 | $0 | $33K | $5K | $17K | $441 | $3K | $101K |